05.12.2008 - Volatility of major currencies plays havoc
From Thestar.com.my: The volatility of major currencies in recent months, especially the greenback, has played havoc on the books of many local companies, resulting in a number of them, particularly those with operations overseas, incurring sizeable foreign exchange (forex) losses. But this is not the major concern for most companies. What most Malaysian companies are worried about is the continuing weakening of the ringgit against the dollar, which will have significant impact on their operational cost as well as revenue and bottomline, say most analysts..... Full Article: Source
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